That’s according to ATTOM Data Solutions. Seller profits topped $100,000 during the peak of the real estate bubble, then plunged to an average loss of $100,000 during the crash.
Nationally, the average gain was $51,000, an average return of 26 percent on the previous purchase price of the home.
Despite a strong incentive to sell, American homeowners are staying put. ATTOM Data Solutions says homeowners who sold in the second quarter had owned for an average of 8.05 years, up from 7.85 years in the previous quarter and the longest tenure dating back to at least 2000.
The heftiest gain came in Silicon Valley, where sellers pocketed an average profit of $410,000.Soi
Author:Traci Ann Lloyd Phone: 561-424-1172 Dated: August 10th 2017 Views: 53 About Traci Ann: Respected by her colleagues for her problem solving and leadership skills, Traci brings extensive kn...
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